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Monday, November 21, 2005

Ripped from the headlines....I don't get paid enough...

Chief executive officers at 367 top U.S. corporations were paid, on average, $431 last year for every $1 paid to their companies' average production worker, according to publicly available information jointly compiled in September by Institute for Policy Studies and United for a Fair Economy. In 1990, the ratio was about $100-to-$1. (If the federal minimum wage had increased since 1990 by the same rate as the multiple for CEOs' pay, it would have risen from $5.15 an hour to $23.03, but, of course, it's still $5.15.) [New York Times, 9-4-05]

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